45 Overview to Banking Requirements

This chapter contains this topic:

45.1 About Banking Requirements

Banking practices in Brazil rely primarily on magnetic media processing and direct bank involvement in settling outstanding debts.

JD Edwards World solutions for banking requirements in Brazil consist of the following tasks:

  • Maintain additional invoice information for Brazil

  • Process automatic receipts

  • Work with payment terms

  • Work with automatic payments

Figure 45-1 Bank Collection Process Flow

Description of Figure 45-1 follows
Description of ''Figure 45-1 Bank Collection Process Flow''